Index Fund Corner
Sponsored
| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The index will be computed and maintained by NSE Indices Limited.
For more insights and to access various investment calculators, visit CNBC TV18 Investment Calculators.
The fund will invest in 50 top-performing stocks selected from the Nifty 500 universe. It uses a quantitative, factor-based index, focusing on Free Cash Flow Yield (FCF Yield) for non-financial companies and Dividend Yield for financial companies.
Asset allocation
- Equity: 80-100%
- Cash & Money Market Instruments: 0-20%
Sachin Bajaj, EVP and Chief Investment Officer at Axis Max Life, stated, “This fund leverages a unique index methodology, focusing on companies with robust cash flows.”
The Axis Max Life Sustainable Wealth 50 Index Fund is the first proprietary index fund in the insurance industry, designed to meet growing investor demand for sustainable, performance-driven investments. It will initially be available through Axis Max Life’s Online ULIP products, including the Online Savings Plan and Flexi Wealth Advantage Plan, with plans for expansion.
Mukesh Agarwal, CEO of NSE Indices Limited, said“We have collaborated with Axis Max Life to create this customised index, which will be computed and maintained by NSE Indices.”
